Tenet

🚗🔋 Solidifying Our Impact with Service Credit Union! 🔋🚗 Our partnership with Service Credit Union continues to yield remarkable results, making electric vehicle ownership more accessible and affordable for all. This collaboration has shown incredible outcomes, driving sustainable growth and environmental impact. 🌱 Key Achievements: Over 700 new members added Approximately 160 tons of CO2 emissions avoided monthly $34.8 million in loan volume, primarily to high-credit, majority homeowners Mark O'Dell, Chief Retail Officer at Service Credit Union shares, "Tenet has been a great partner in the EV space and has helped us drive new member growth. The electric vehicle loan portfolio has had A+ performance." Our partnership not only supports environmentally responsible choices but also meets customers in digitally native channels, ensuring a seamless and efficient experience. Bo Kane, Head of Capital Markets at Tenet, emphasizes, "Partnering with Service Credit Union and broadening our lender network is a key step in our mission to accelerate the transition to sustainable energy." Together, we're paving the way for a greener, more sustainable future. 🌍 #Sustainability #EVAdoption #CleanEnergy #TenetEnergy #ServiceCreditUnion #GreenFuture #ClimateTech https://lnkd.in/du24Tr-z

Our CEO and Cofounder, Alex Liegl, took the stage last week at AFS to dive into the future of auto finance during the "EVs, Hybrids, and the Future of Auto Finance" session. He explored the rising interest in affordable, used EVs as prices come down, and gave his take on how the 2024 election could impact tax credits and EV policies The future of clean transportation is evolving fast—stay tuned as we help lead the charge! #EVs #AutoFinance #AFS2024 #Sustainability #CleanEnergy

Tenet has been growing its EV lending-as-a-service network and we are especially proud of our partnership with Service Credit Union. Glad to see our work over the past years featured in Auto Finance News: https://lnkd.in/d-EAvnib

🌿 Exciting News! We are joining forces with Sunnova Energy to promote clean energy adoption. Together, we’re paving the way for a sustainable future with exclusive promotions on solar energy and electric vehicles. Let's drive change towards a greener tomorrow! 🚗☀️ https://lnkd.in/ev3KQ3pw

A great partnership making used purchase of EVs more attractive. More and more EV inventory is now available to customers at reasonable prices. We can further lower monthly payments with direct financing and applying used tax credits at the point of sale. Congrats Christian Volker for driving this end to end.

 🚀 Big News! 🌱 We're super excited to share that Tenet Energy and KeySavvy are teaming up to make buying and financing used electric vehicles (EVs) easier and more affordable than ever! This partnership is all about helping you get behind the wheel of a greener ride without breaking the bank. Check out the full announcement here: Business Wire (https://lnkd.in/eYyz_mgy)

“This progress lets us be closer to unlocking a path of accessibility and affordability for electric vehicles nationwide,” said Alex Liegl, CEO of Tenet. Tenet announces news of receiving an Invitation from U.S. Department of Energy to Submit Part II Application for Title 17 Loan. Read the full announcement here: https://rb.gy/rwgdef

🚀 A big part of our mission is to educate EV drivers while bringing down their cost of ownership through financing. Today, we’re taking a fundamental step in that journey with TenetConnect –  our newest offering that empowers EV drivers to: ⚡ Save an average of $40 monthly on their electricity bill with complementary smart charging. ⚡ Measure their avoided CO2 emissions compared to driving a gas equivalent in their area. We're exclusively building this planet-friendly suite of tech features into every Tenet financing account at no additional cost. When our community thrives, so do we! #TenetConnect #Loans #NewFeature Actual savings may vary based on local electricity rates, individual charging habits, and other factors.

Excited to announce Tenet's Series A, led by Nyca Partners and Jeremy Solomon, with continued backing by Silicon Valley Bank and Brian Foley. Also want to thank Giant Ventures and Assurant Ventures for their support. We want to build the financial fabric of the American energy transition and this funding round allows us to take the next step towards this vision. Electric vehicles are at an interesting inflection point, where the combination of shifting customer demands, OEM supply chain inversion, and rising interest rates have pulled-forward the need for an all-in-one financing platform. Since EVs are batteries + computers on wheels, they also generate novel data and can be orchestrated with local energy grids to decarbonize the U.S. economy. We are therefore proud to publicly launch TenetConnect (tenet.com/connect), our renewable energy services platform for EVs. Connect's first product is smart charging, helping all of Tenet's EV financing customers further reduce their Total Cost of Ownership by an average of $40 / month by optimizing their charging patterns. The other benefit of TenetConnect is data. EVs and other renewable energy products are a new, fast-growing asset class. Financial institutions are excited about the new TAM and revenue opportunity of this new asset class, but lack data on its performance in terms of residual value, yield, and CO2 avoidance. Tenet is building a software layer on top of the EVs it finances in order to create even more savings from day 1 for customers and proprietary data on telematics and utility energy usage that informs capital markets. Tenet partners with financial institutions that want scalable access to high-quality, renewable energy credit investments. We partner with a broad set of FIs, ranging from government green banks like NY Green Bank to credit unions, commercial banks, and asset managers. In line with our vision, we are building financial infrastructure that creates incentive alignment across drivers, platform partners, and financial institutions by unlocking financial efficiencies for this new asset class. Please reach out to alex@tenet.com if you are interested in partnering with Tenet and accelerating the energy transition with positive financial incentives. https://lnkd.in/etGR9eRs

We are thrilled to announce $30M+ in funding to serve as the financial fabric of the energy transition. Our mission is to help anyone save money by electrifying their lives. Making the purchase of EVs more affordable is just the first step in our journey. With the support of partners like Nyca Partners and Silicon Valley Bank, we’re able to scale our renewable energy platform in innovative ways. #SeriesA #ElectricVehicles #Financing #SmartCharging #RenewableEnergy